China will agree to US$ 4 Billion aid for Sri Lanka ‘at some point’ – Palitha Kohona
Sri Lanka is continuing negotiations with China for as much as US$ 4 billion in aid and is confident Beijing will agree “at some point,” Bloomberg News reported on Friday (Jul 15), citing Sri Lanka’s ambassador to China.
Colombo is asking China for a loan of US$1 billion to repay an equivalent amount of Chinese debt coming due this year, Palitha Kohona said in an interview with Bloomberg.
Sri Lanka is also seeking a US$1.5 billion credit line to pay for Chinese imports and activation of a US$ 1.5 billion swap, Kohona added.
“We are confident that at some point the Chinese system will agree to our requests because these are not unreasonable requests,” the report quoted Kohona as saying.
“We have made similar requests to other creditors. Sri Lanka needs the funding to bring stability to our financial system and we are confident that the Chinese will come to the party sooner than later,” he added.
Latest Headlines in Sri Lanka
- Sri Lankan President orders swift livelihood restoration for disaster-hit communities December 13, 2025
- Sri Lanka receives over USD 7 Billion in remittances in 2025 December 13, 2025
- Sri Lanka Parliament summoned to meet on December 18 December 13, 2025
- Sri Lanka and Italy renew agreement on mutual recognition of driving licenses December 13, 2025
- Asoka Ranwala granted bail December 12, 2025
Sir Lanka must avoid getting any assistance from China at any cost. The whole world knows China is not genuine. China has ruined many poor Countries. The acting President must think sensibly.
China is too late! Sri Lankens have already ruined Sri Lanka.